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NY Agency Offers Online Application for Payment & Performance Bonds for Public Projects When it comes to winning your bids, time is of the essence. Don't waste time applying for bonds at agencies that take too long to process and ask for unnecessary requirements! Surety Bond Professionals will be able to match you with the right bond company with as few requirements as possible! The application process requires minimal paperwork and faster turnaround times. Contractors can go to the Online Surety Bond Application form which can be found on all pages of their website. They only need to provide the contact information, bond type and amount to start the application process immediately. A performance bond guarantees the project will be completed according to the contract. A payment bond ensures you will pay all the laborers, service providers, and suppliers. The face value of the bond can cover anywhere from 50- 100% of the value of the contract. The premiums range from 0.5% to 3% of the contract value. Find Out More At https://www.suretybondprofessional s.com/
